Greek industry receives delayed state aid to curb soaring electricity costs
The government approved a financial package for 640 Greek industrial firms after a year-long delay, aiming to limit the impact of high power prices.
After a twelve-month stalemate, the Greek government confirmed a state-aid scheme for 640 industrial companies - 600 small-medium enterprises and 40 large firms - to shield them from soaring electricity tariffs. The assistance sets a floor price of 50 €/MWh for industrial power and includes a ceiling to protect the budget. Although the business federation initially sought a higher figure, negotiations resulted in a reduced sum.
Roughly one-third of the funds will go to firms that have no current compensation, such as cement, food, paper and plastics producers, while the remaining two-thirds will support larger companies already receiving subsidies. Payments will be made retroactively for 2026, using EU frameworks that allow up to a 70 % discount on electricity costs for half of each recipient’s annual consumption.
Why it matters
The aid aims to prevent energy cost spikes from harming Greek industry and consumers.
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